Yes, Select Portfolio Servicing allows borrowers to set up automatic payments for their loan accounts. This feature can help ensure that payments are made on time, reducing the risk of late fees and potential negative impacts on credit scores. Typically, borrowers can choose from various options, such as scheduling payments to withdraw directly from a bank account on a specified date each month. It is important for borrowers to keep their account information updated to avoid any issues with processing payments. For specific details on how to initiate this process, including any requirements or steps needed to set up automatic payments, it may be beneficial to visit the current web page of Select Portfolio Servicing. There, borrowers can find additional resources and relevant information regarding managing their accounts.
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